Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in Comfort Systems USA, Inc. (NYSE:FIX) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,787 shares of the construction company’s stock after selling 2,374 shares during the period. Nisa Investment Advisors LLC’s holdings in Comfort Systems USA were worth $6,695,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp grew its holdings in Comfort Systems USA by 0.6% in the third quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock valued at $412,038,000 after purchasing an additional 6,496 shares during the last quarter. Geode Capital Management LLC grew its stake in Comfort Systems USA by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock valued at $292,093,000 after acquiring an additional 47,929 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Comfort Systems USA during the 3rd quarter valued at about $138,987,000. Millennium Management LLC raised its position in Comfort Systems USA by 477.9% during the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after acquiring an additional 283,416 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of Comfort Systems USA by 20.6% in the third quarter. Royal London Asset Management Ltd. now owns 255,501 shares of the construction company’s stock valued at $99,735,000 after purchasing an additional 43,691 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FIX shares. Stifel Nicolaus lifted their price objective on Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. UBS Group lifted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Northcoast Research began coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $506.75.

Insiders Place Their Bets

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the sale, the insider now owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO T Mckenna Trent sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the transaction, the chief operating officer now owns 23,990 shares in the company, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,200 shares of company stock valued at $15,431,250 over the last quarter. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE FIX opened at $544.23 on Friday. The business’s 50-day moving average price is $470.89 and its 200 day moving average price is $399.93. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a twelve month low of $201.61 and a twelve month high of $553.09. The company has a market capitalization of $19.37 billion, a PE ratio of 41.64 and a beta of 1.23.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the company earned $2.74 earnings per share. The company’s quarterly revenue was up 31.5% on a year-over-year basis. On average, research analysts predict that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.